Chinese Foreign Minister Wang Yi said Beijing cannot accept any country acting as the “world’s judge” after the United States captured Venezuela’s President Nicolas Maduro.

The world’s second-largest economy has provided Venezuela with an economic lifeline since the U.S. and its allies ramped up sanctions in 2017, purchasing roughly $1.6 billion worth of goods in 2024, the most recent full-year data available.

Almost half of China’s purchases were crude oil, customs data shows, while its state-owned oil giants had invested around $4.6 billion in Venezuela by 2018, according to data from the American Enterprise Institute think tank, which tracks Chinese overseas corporate investment.

  • FiniteBanjo@feddit.online
    link
    fedilink
    English
    arrow-up
    2
    arrow-down
    7
    ·
    3 days ago

    Welcome to the discussion. Glad you’re all caught up. Be sure to check for updates after more than 2 days have passed, likely 2 to 3 weeks.